Wednesday 26 February 2020 6.30pm to 8.00pm.
The Foundry, 17 Oval Way, London, SE11 5RR
Doors open from 6pm.
The belief that the sole responsibility of business is to maximise profits for shareholders is losing favour. Shareholder primacy is under scrutiny for increased environmental destruction, poor labour conditions and growing inequality. The Financial Times is calling for a 'reset' of capitalism and say "the way our economic and political systems work must change, or they will perish.” Meanwhile in the US, an association of leading chief executives, the Business Roundtable, announced plans to move away from a singular focus on shareholders' interests and instead "deliver value” to all stakeholders, including consumers and wider society.
What does delivering value look like in practice, and is voluntary action enough? Is it possible to balance 'purpose' with profitability in a meaningful way, and what alternative models exist?
This event will bring together commentators and practitioners from across business and economics to debate the future of business and what action is needed.
We will be joined for an interactive panel discussion by:
Kate Raworth, renegade economist and creator of the Doughnut of social and planetary boundaries exploring the economic mindset needed to address the 21st century’s social and ecological challenges.
Martin Sandbu, Financial Times European Economics Commentator, has been writing about economics for the FT since 2009, when he joined the paper as Economics Leader Writer. He now also writes the FT’s Free Lunch.
Lucy Parker, co-author of ‘Everybody’s Business: the unlikely story of how big business can fix the world.’ She is a strategic advisor at the Brunswick Group, working with senior leadership in business.
Albert Tucker is a leading figure in the fair trade movement, community regeneration and sustainable development. A trusted advocate for poorer small scale farmers in global trade and policy, he has a strong track record in leading and building successful social enterprises and farmer to market supply chains.
Danny Sriskandarajah, Chief Executive of Oxfam GB, will chair the discussion.
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